23rd November 2021 Morning Report

Both the S&P 500 and the Nasdaq Composite rose to new all - time highs, with the Dow Jones Industrial Average also up on Monday, after Jerome Powell was re-nominated Federal reserve Chair for a second term, which pleased the markets as it represents continuity, stability and some predictability about the current monetary policy for the year ahead. The DJIA and the S&P500 were up 0.71% and 0.51% was up 0.71% respectively, while the Nasdaq composite was 0.31% down. 

Other leading world markets were mixed with Britain’s FTSE up 0.44%, while Germany’s DAX 30 and France’s CAC were down -0.27% and -0.1%. In Asia the Nikkei 225 and the Shanghai Composite closed higher 0.09% and 0.61% respectively, while the Hang Seng was down 0.39%. 

The US 10 - year note yield was up at 1.62% while the US 2 - year treasury note was at 0.58%.  The WTI oil price was at US$76.62 per barrel, while gold was at US$1803.70 per ounce, down 2.59% this morning.

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